The special audit directed by India’s central bank at the non-bank lender started on 23 April

Sumeet Arora filed the insolvency plea against Quant Capital over outstanding dues

Vedanta’s board approves a first interim dividend of 11 rupees per share for FY25

Indian food and grocery delivery firm incorporates a new subsidiary, Swiggy Sports, to foray into the sports business

NCLT orders liquidation of bankrupt carrier, which operated ultra-low-cost airline Go First, and appoints Dinkar Venkatasubramanian as the liquidator

Astro owns 26 offshore support vessels and the acquisition is part of APSEZ’s strategy to become one of the world’s largest marine operators

Bernstein initiates coverage on IndusInd Bank and Muthoot Finance with Outperform ratings

The appellate tribunal stays the NCLT order and asks Talwandi Sabo Power to provide bank guarantee of $146 million; will hear the matter on 4 August

Most recently, Rajiv Anand served as deputy managing director of Axis Bank

NCLT to hear cases related to Reliance Retail, Hindustan Construction Company, Eros International, Zapak Digital, Sterling Healthcare and Gammon India

NCLT to hear cases related to Reliance Capital, Kamala Mills, Ess Dee Aluminium, Reliance Communications, Sadbhav Engineering and Syska LED Lights

NCLT to hear cases related to Gensol Engineering, Gensol EV Lease, Think & Learn, Smaaash Entertainment, MT Educare and Reliance Capital

Jewellery retailer seeks reappointment of Managing Director T.S. Kalyanaraman and shareholders’ nod for his annual remuneration of 12.12 crore rupee

NCLT to hear cases related to Jet Airways, Bhushan Steel, GVK Gautami Power, AMW AutoComponent and NCR Rail Infrastructure

The development comes as Bandhan Bank’s current MD & CEO Chandra Shekhar Ghosh is set to retire on 9 July

The proposal aims to reduce the burden on the adjudicating authority and expedite insolvency admissions

Nitin Sood, who has been associated with the company for over two decades, opted to explore growth opportunities outside the group

NCLT to hear cases related to Sadbhav Engineering, Ezeego One Travels, ABG Shipyard, Nagarjuna Fertilizers, Future Retail and Tulip Star Hotels